Download Payroll Debit Card - Cal Poly Pomona Foundation, Inc.

Cal Poly Pomona Foundation, Inc.
Payroll Debit Card
Introduction:
Cal Poly Pomona Foundation is now offering you the special benefit of receiving
your pay with an automatic deposit to a Wells Fargo PayCard. You could use
your Wells Fargo PayCard everywhere Visa debit cards are accepted. Your
spending is subtracted from your available balance, each time you use it. You
could also use your card to get cash at ATMs displaying one of the logos on the
back of your card. (You can also get cash back when making purchases at
participating merchants showing the Interlink sign).
Advantages:
- No need to cash a paycheck
o You no longer have to stand in line to cash your check, or pay a fee.
Just use your PayCard to buy things and get cash.
- Money immediately available
o As soon as your pay is issued, you can use your card to either get cash
at an ATM or make purchases any place that takes Visa debit cards.
You don’t need a bank account. Just use the Pay Card.
- Safe and secure
o You no longer have to carry cash, and you will not lose your money if
the card is lost or stolen. It can be replaced at no charge.
Who is Eligible?
Any Cal Poly Pomona Foundation employee (students and staff) is eligible to sign
up for the PayCard.
How to Open the Wells Fargo PayCard:
1. Obtain a PayCard enrollment application from Foundation Payroll, Bldg
55, or call (909) 869-2962.
2. Obtain a PayCard enrollment application from Foundation website:
http://www.foundation.csupomona.edu/financial/payrolldocs.asp?mode=pa
yroll.asp&selectedtitle=Payroll&selectedtitleid=8
The title of the form is Payroll Debit Card.
FAQs:
Q: What is a PayCard?
A: Instead of receiving a paycheck, you get a card which you keep in your
wallet. Use the card to make purchase or get cash from ATMs. Each pay
period, the amount of your pay is deposited in the account that funds your
card.
Q: Is the PayCard a Credit Card?
A: No. Even though it has a Visa logo on it, the Wells Fargo PayCard is not a
credit card. You can only spend what you have earned, since you are using
your own pay from your employer. Some merchants charge a $1 fee per
transaction. To avoid this fee, treat the PayCard like a credit card and sign for
the purchase instead of using a pin number.
Q: Do I need to be approved before I use it?
A: To get the card, you only need to complete and return the enrollment
application to Foundation Payroll. Wells Fargo Bank will mail the PayCard to
your home.
Q: How do I know how much money I have left on my card?
A: There are three ways to check your balance:
1. Check your monthly statement which is mailed to your home.
2. Visit Wells Fargo’s website: https://www.wellsfargopaycard.com/index.cfm
3. Call 1-866-298-9378, toll free, and use the automated account information
system.
Q: What happens if my card is lost or stolen?
A: Your card automatically carries the WellsProtect program at no added cost to
you, so you are not responsible for unauthorized purchases made by someone
else using your card or card number. Just tell Wells Fargo right away if your
card is lost or stolen.
Q: Does it cost anything to get my PayCard?
A: No. It costs nothing to request your PayCard. However, to avoid a $20
overdraft fee, please check your balance regularly.
p/payroll/group/Payroll Debit Card Instructions.doc 10/22/2007